After assessing the credit risk characteristics of its accounts receivable, a company determined that the length of time a receivable was outstanding was the most appropriate risk characteristic to use for determining expected credit losses. The company prepared the following aging schedule for its accounts receivable as at December 31, 2023: Number of days past due Customer's name Total amount owed Current (not yet due) 1-30 31-60 61-90 Over 90 Begin $41,400 $10,900 $19,000 $7,000 $4,500 Cizeron 27,900 27,900 Lemoine 51,200 44,500 4,100 2,600 Rudellin 36,200 36,200 Others 209,700 89,800 67,600 11,000 19,000 22,300 $366,400 $173,100 $90,700 $54,200 $26,100 $22,300 Expected rate of credit loss 2% 4% 8% 15% 40% Expected credit losses $24,261 $3,462 $3,628 $4,336 $3.915 $8,920 On December 31, 2023, the unadjusted balance in the Allowance for Expected Credit Losses (prior to the aging analysis) was a crdit of $6,040. (a) Journalize the adjusting entry to record the expected credit losses on December 31, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit